Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Announces Monthly Dividend of $0.12

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Monday, February 17th will be given a dividend of 0.12 per share by the real estate investment trust on Monday, February 17th. This represents a $1.44 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, January 31st.

Boardwalk Real Estate Investment Trust Price Performance

TSE:BEI.UN opened at C$63.62 on Wednesday. Boardwalk Real Estate Investment Trust has a one year low of C$60.27 and a one year high of C$91.81. The company has a market cap of C$3.14 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.24 and a beta of 1.76. The firm’s fifty day moving average price is C$65.52 and its two-hundred day moving average price is C$74.83. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BEI.UN. Royal Bank of Canada reduced their price objective on shares of Boardwalk Real Estate Investment Trust from C$98.00 to C$90.00 in a research note on Thursday, November 7th. TD Securities dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$100.00 to C$95.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Raymond James dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$91.00 to C$82.00 in a report on Monday, January 13th. National Bankshares dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$96.00 to C$90.00 in a report on Thursday, November 7th. Finally, Scotiabank dropped their target price on shares of Boardwalk Real Estate Investment Trust from C$84.75 to C$81.75 in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.53.

Insider Transactions at Boardwalk Real Estate Investment Trust

In related news, Director Scott Andrew Morrison acquired 650 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average cost of C$64.76 per share, for a total transaction of C$42,094.98. Insiders own 17.92% of the company’s stock.

About Boardwalk Real Estate Investment Trust

Boardwalk REIT strives to be Canada's friendliest community provider and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives.